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Aft er the end of the planning horizon, the net profi t margin will be stable and constant, equal to the net profi t margin in the last year of the planning horizon. For future periods the asset and liability ratios are forecasted to be as follows:
• Th e target cash balance is 15% of sales.
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• Th e average inventory period will be 110 days (based on CGS and a 360-day year).
• GFA will be equal to 30% of sales.
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